News Briefs – Page 41
-
News briefs
Pittards, a major supplier of leather to the sporting goods...
Pittards, a major supplier of leather to the sporting goods industry, has expanded its operations in Ethiopia by adding a new shoe factory to its existing tannery and glove-making facilities. The new facility employs 70 people to hand-stitch shoes for an interesting footwear brand, Soul of Africa. Founded in 2003 ...
-
News briefs
LVMH is set to operate 24 manufacturing sites in Italy...
LVMH is set to operate 24 manufacturing sites in Italy by next year with the opening of a new jewelry plant for Bulgari and an eyewear factory for Céline and other brands in partnership with Marcolin. It already operates the Rossimoda shoe factory and a shoe factory in Italy for ...
-
News briefs
Penske Media Corporation (PMC) and its subsidiary Fairchild Fashion Media,...
Penske Media Corporation (PMC) and its subsidiary Fairchild Fashion Media, which runs Women's Wear Daily and Footwear News, have announced the acquisition of FashInvest. Described as a media platform where entrepreneurs, investors and fashion industry executives exchange information and raise new capital, FashInvest will continue to be run as an ...
-
News briefs
Footasylum, the British chain of sports and lifestyle stores created...
Footasylum, the British chain of sports and lifestyle stores created by the founders of JD Sports, went public on the Alternative Investment Market (AIM) London Stock Exchange on Nov. 2 at a price of £1.64 per share, giving it an initial valuation of £171 million (€194.3m-$226.0m). On Friday in advance ...
-
News briefs
Deckers Brands, the parent company of Teva and Hoka One...
Deckers Brands, the parent company of Teva and Hoka One One, announced that it will make room for two new independent directors, replacing two who are retiring from its board. Marcato Capital Management, the activist investor that has been criticizing the company's management, asking to sell all the group's brands ...
-
News briefs
The Montreal-based Aldo Group and the U.S.-based Camuto Group announced...
The Montreal-based Aldo Group and the U.S.-based Camuto Group announced that they have mutually decided not to pursue a proposed merger under which the Canadian company would have acquired control of the American one. They have nevertheless agreed that Camuto will become a strategic partner of the international shoe retailer.
-
News briefs
Groupe Royer, which owns the brand rights for Kickers and...
Groupe Royer, which owns the brand rights for Kickers and many other shoe brands, has added Hungaria to its brand portfolio. Based in Gonesse, France and formerly known as Hunga, Hungaria is a sports brand that was created in 1931. In 1976, Hungaria was acquired by Adidas, but was then ...
-
News briefs
Four years after entering administration, the British form of insolvency,...
Four years after entering administration, the British form of insolvency, Barratts is selling the rights to the brand and its international trademark portfolio. Established in 1903, the British heritage footwear retailer was heavily impacted by tough market conditions after the global financial crisis and fell into receivership in 2013. This ...
-
News briefs
Anika Schuhhandels GmbH has applied for pre-insolvency court protection. Under...
Anika Schuhhandels GmbH has applied for pre-insolvency court protection. Under the German process, similar to Chapter 11 bankuptcy in the U.S., the German shoe retailer will propose a reorganization plan to keep the business alive. Headquartered in Neustrelitz near Berlin, Anika operates 60 stores under the names of Anika Schuh, ...
-
News briefs
In 2014, Schuhaus Shatholt was celebrating its 125th anniversary, but...
In 2014, Schuhaus Shatholt was celebrating its 125th anniversary, but one year later, the company faced bankruptcy. The firm filed for protection in 2015 and has now been restructured into a new business, Permacutum GmbH. Largely freed from legal entanglements it has obtained a new investor, rumored to be from ...
-
News briefs
Salvatore Ferragamo will resume reporting its results on a quarterly...
Salvatore Ferragamo will resume reporting its results on a quarterly basis, starting with third quarter figures scheduled for release on Nov. 14. Under Italian stock market rules, companies are no longer compelled to release reports for the first and third quarters. Ferragamo has nevertheless decided to resume the publication of ...
-
News briefs
Mexx, the Dutch brand of clothing and footwear, has been...
Mexx, the Dutch brand of clothing and footwear, has been taken over by the Dutch RNF Group, which has bought the brand rights from the Turkish Eroglu Holding group. Owned by Ron Janssen and Ferry Helmer, RNF controls among others Ferro Footwear, a Dutch trading company that they founded and that has ...
-
News briefs
Stahl has completed the planned acquisition of BASF's Singapore-based leather...
Stahl has completed the planned acquisition of BASF's Singapore-based leather chemicals business, including its production site at L'Hospitalet in Spain. BASF will also become Stahl's exclusive supplier of leather chemicals for a long period. The transaction involves the transfer of around 210 jobs to Stahl, 110 of them in Asia. ...
-
News briefs
Clariant has reaffirmed its commitment to the planned merger with...
Clariant has reaffirmed its commitment to the planned merger with Huntsman, after a shareholder built up a 15 percent stake in the company to fight the merger. White Tale Holdings now owns 15.1 percent of Clariant, making it the biggest shareholder in the Swiss chemicals group. White Tale had submitted ...
-
News briefs
Roots, the Canadian-based chain of lifestyle apparel stores, is planning...
Roots, the Canadian-based chain of lifestyle apparel stores, is planning to go public on the Toronto Stock Exchange. The public offering comes two years after a private equity firm, Searchlight Capital, acquired a majority stake in the company and appointed a few months later a new chief executive, Jim Gabel, ...
-
News briefs
Amazon is adding a new distribution center equipped with advanced...
Amazon is adding a new distribution center equipped with advanced robotic technology in the Bolton region that will employ 1,200 new people. In Germany, meanwhile, Amazon reportedly suffered delivery problems after strikes crippled six of its German logistics centers in early October. Verdi, a German trade union based in Berlin, ...
-
News briefs
Prada is changing its financial year to align it with...
Prada is changing its financial year to align it with the calendar year, which will result in an 11-month reporting period in 2017. Until last year, Prada's financial year ran from Feb. 1 to Jan. 31. For this year, the financial year started on Feb.1 but will end on Dec. ...
-
News briefs
Marcato Capital Management, the activist investor that has been criticizing...
Marcato Capital Management, the activist investor that has been criticizing the management of Deckers Brands and wants it to sell its assets, has come up with a list of ten new executives that it has nominated for seats on the company's board of directors. The board is up for renewal ...
-
News briefs
N°21, a brand founded by Alessandro Dell'Acqua, saw revenues increase...
N°21, a brand founded by Alessandro Dell'Acqua, saw revenues increase by 117 percent in 2016 to €52 million. Around 45 percent of the turnover was generated in Asia. The brand has a flagship store in Milan's centre of fashion, on via Santo Spirito, and 14 franchised stores, mainly in Asia. ...
-
News briefs
DTLR, an urban lifestyle retailer based in Hanover, in the...
DTLR, an urban lifestyle retailer based in Hanover, in the Baltimore area, is merging with Philadelphia-based Sneaker Villa, also a urban lifestyle retailer. The merged company will comprise nearly 240 stores across 19 states and the District of Columbia, spanning the East Coast from New York to Florida, the Midwest, ...
